I was looking at Cambridge Industrial Trust's latest presentation slides. It could be worth another look as its income could bump up quite meaningfully in 2012 and 2013. Latest numbers: Gearing: 33.1% (No refinancing due till 2014.) NTA/unit: 61.7c Interest cover ratio: 5.1x DPU: 1.082c What I find attractive: 1. Built-To-Suit Project at Tuas View Circuit. Completion by 3Q 2012. 2. Built-To-Suit Project at Seletar Aerospace Park. Completion by 3Q 2013. 3. AEI for 30 Toh Guan Road. Completion by 4Q 2012. 4. AEI for 88 International Road. Completion by 4Q 2013. 5. AEI for 4 & 6 Clementi Loop. Completion by 4Q 2012. 6. Proposed acquisition of 25 Pioneer Crescent. With gearing level at 33.1%, the Trust has ample debt headroom to finance items 1 to 5 if the management should decide to take on more debt. This would mean greater distribution ......